AXIOS (Nathan Bomey) - Business groups applaud Supreme Court ruling on Trump tariffs
Businesses are the big winners from the Supreme Court ruling invalidating President Trump's global tariffs after a bruising year in which the duties bludgeoned bottom lines and prompted price hikes . Why it matters: The ruling tees up a fight over corporate refunds — a potential windfall for companies that paid extra costs to import goods under the Trump tariff regime, though nothing is guaranteed. - If the Treasury Department is forced to issue refunds, it would total about $120 billion, according to Capital Economics estimates. Catch up quick: The Supreme Court on Friday overturned Trump's global tariffs in a 6-3 ruling, saying that the president lacked the legal authority under the International Emergency Economic Powers Act (IEEPA)…
Businesses are the big winners from the Supreme Court ruling invalidating President Trump's global tariffs after a bruising year in which the duties bludgeoned bottom lines and prompted price hikes . Why it matters: The ruling tees up a fight over corporate refunds — a potential windfall for companies that paid extra costs to import goods under the Trump tariff regime, though nothing is guaranteed. - If the Treasury Department is forced to issue refunds, it would total about $120 billion, according to Capital Economics estimates. Catch up quick: The Supreme Court on Friday overturned Trump's global tariffs in a 6-3 ruling, saying that the president lacked the legal authority under the International Emergency Economic Powers Act (IEEPA)…Open